GME
GameStop Corp.
GME offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MGM
MGM Resorts International
MGM has the edge over GME overall, supported by stronger modeled upside and lower modeled downside.
GME Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Unavailable |
GME's profitability and cash flow are currently strong, and its revenue is stable. There isn't enough data to rate its balance sheet.
MGM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
MGM's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
GME PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 17x | $25.62 | — |
| Cheap | 18x | $27.96 | +9.1% |
| Forward | 38x | $25.62 | — |
| Fair | 43x | $66.84 | +161% |
| Expensive | 252x | $388 | +1414% |
Historical ranges are pointers, not guarantees.
GME has the edge over MGM in the historical PE scenario, which offers more potential upside but is not a forecast.
MGM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.2x | $21.76 | -35% |
| Current | 13x | $33.24 | — |
| Fair | 14x | $36.28 | +9.2% |
| Forward | 25x | $33.24 | — |
| Expensive | 34x | $88.90 | +167% |
Historical ranges are pointers, not guarantees.
MGM's PE is in its fair range at 13x. Analysts expect earnings to fall, which would put today's price at 25x next year's earnings, in its expensive range.
GME Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Strong decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect GME's earnings and revenue to decline, with profitability weakening.
MGM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
MGM has the edge over GME on the outlook, with more favorable revenue expectations.
GME Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.67 | -56% |
| Q3 2026 | $1.54 | +93% |
| Q2 2026 | $1.34 | +153% |
| Q1 2026 | $0.77 | +133% |
| Q4 2025 | $0.89 | +394% |
| Q3 2025 | $0.80 | +515% |
| Q2 2025 | $0.53 | +563% |
| Q1 2025 | $0.33 | +1550% |
| Q4 2024 | $0.18 | +$0.21 |
GME has the edge over MGM on earnings, with more consistent year-over-year improvement.
MGM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.35 | -49% |
| Q3 2026 | $2.64 | +1550% |
| Q2 2026 | $1.66 | -8.8% |
| Q1 2026 | $0.73 | -67% |
| Q4 2025 | $0.76 | -68% |
| Q3 2025 | $0.16 | -94% |
| Q2 2025 | $1.82 | -32% |
| Q1 2025 | $2.24 | -15% |
| Q4 2024 | $2.40 | -25% |
MGM's earnings per share have fallen from their peak: $2.64 over the past year, against $7.10 in mid-2022.
GME Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $790.2M | -19% |
| Q2 2026 | $835.3M | +14% |
| Q1 2026 | $1.1B | -14% |
| Q4 2025 | $821M | -4.6% |
| Q3 2025 | $972.2M | +22% |
| Q2 2025 | $732.4M | -17% |
| Q1 2025 | $1.3B | -28% |
| Q4 2024 | $860.3M | -20% |
GME's revenue has slid since its 2022 peak: $790M last quarter, down 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +13 points |
| Q2 2026 | 17% | +19 points |
| Q1 2026 | 12% | +6 points |
| Q4 2025 | 5% | +8.9 points |
| Q3 2025 | 6.8% | +9.6 points |
| Q2 2025 | -1.5% | +4.3 points |
| Q1 2025 | 6.2% | +3.1 points |
| Q4 2024 | -3.9% | -2.5 points |
GME has the edge over MGM on profitability, with a higher operating margin.
MGM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.2B | -0.9% |
| Q2 2026 | $4.5B | +1% |
| Q1 2026 | $4.5B | +4.2% |
| Q4 2025 | $4.6B | +6% |
| Q3 2025 | $4.3B | +1.6% |
| Q2 2025 | $4.4B | +1.8% |
| Q1 2025 | $4.3B | -2.4% |
| Q4 2024 | $4.3B | -0.7% |
MGM has the edge over GME on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.8% | +5.5 points |
| Q2 2026 | 11% | +2.1 points |
| Q1 2026 | 6.8% | -2.2 points |
| Q4 2025 | 7.1% | +0.3 points |
| Q3 2025 | -2.7% | -10 points |
| Q2 2025 | 9.2% | -0.7 points |
| Q1 2025 | 9% | -1.5 points |
| Q4 2024 | 6.7% | -2.9 points |
MGM's operating margin was 2.8% last quarter, up 5.5 points from the same quarter a year ago.
GME Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $60.7M | -46% |
| Q2 2026 | $332.9M | +76% |
| Q1 2026 | $187.4M | +18% |
| Q4 2025 | $107M | +435% |
| Q3 2025 | $113.3M | +73% |
| Q2 2025 | $189.6M | +$304.3M |
| Q1 2025 | $158.8M | +$177.5M |
| Q4 2024 | $20M | +80% |
GME has the edge over MGM on cash flow, with more consistent year-over-year improvement.
MGM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $310.8M | -23% |
| Q2 2026 | $317.4M | -16% |
| Q1 2026 | $413.1M | +29% |
| Q4 2025 | $358.5M | +34% |
| Q3 2025 | $405.4M | +22% |
| Q2 2025 | $377.4M | +60% |
| Q1 2025 | $319M | -15% |
| Q4 2024 | $267.5M | -31% |
MGM generated $1.4B in free cash flow over the past year, up 2.2% from the year before.
GME Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +300K shares |
| 1 year | +8.4% | +46.1M shares |
| 3 years | +94% | +288M shares |
| 5 years | +104% | +302M shares |
| Available history | +80% | +264M shares |
GME has 593M diluted shares, up 8.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2021 | — |
| Q4 2020 | — |
| Q1 2020 | $21.8M |
| Q4 2019 | $114M |
MGM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.2% | -5.8M shares |
| 1 year | -7.5% | -20.6M shares |
| 3 years | -28% | -99.4M shares |
| 5 years | -48% | -232M shares |
| Available history | -52% | -276M shares |
MGM has the edge over GME on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $173.6M |
| Q1 2026 | $88.9M |
| Q4 2025 | $511.1M |
| Q3 2025 | $12,000 |
| Q2 2025 | $227.9M |
| Q1 2025 | $489.3M |
| Q4 2024 | $119.8M |
MGM spent $774M buying back its own shares over the past year, down 7.6% from the year before.
GME Net Leverage
MGM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.4x | Healthy |
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.8x | Healthy |
| Q4 2024 | 1.7x | Healthy |
MGM's net debt is about 1.4 years of its operating earnings (EBITDA), down from 2.1 years a year ago.
GME Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.9 | Neutral |
| Stochastic | 68.5 | Neutral |
GME's weekly RSI is 60 (neutral) and its Stochastic is 69 (neutral).
MGM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.0 | Neutral |
| Stochastic | 27.4 | Neutral |
MGM's weekly RSI is 41 (neutral) and its Stochastic is 27 (neutral).
GME PE vs Consumer Cyclical Sector
| Metric | GME | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 7.7% below |
| PE % | 15 | 47 | 32 pts below |
GME is trading at 17x earnings, in line with the Consumer Cyclical sector's median of 18x.
MGM PE vs Consumer Cyclical Sector
| Metric | MGM | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 18x | 30% below |
| PE % | 36 | 47 | 11 pts below |
MGM has the edge over GME on valuation relative to its sector.
GME Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.2 | 1.8% above |
| 20 week MA | $22.4 | 15% above |
| 50 week MA | $22.6 | 13% above |
| 100 week MA | $24.0 | 7% above |
| 200 week MA | $21.8 | 17% above |
GME has the edge over MGM on trend strength, trading above more of its moving averages.
MGM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $30.6 | 8.7% above |
| 20 week MA | $38.4 | 13% below |
| 50 week MA | $38.4 | 13% below |
| 100 week MA | $36.1 | 7.9% below |
| 200 week MA | $38.8 | 14% below |
MGM has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 14% below its 200-week average.
GME Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.48 | $5.04 | +241% |
| 2021 | $5.04 | $38.0 | +655% |
| 2022 | $38.0 | $20.1 | -47% |
| 2023 | $20.1 | $17.5 | -13% |
| 2024 | $17.5 | $32.2 | +84% |
| 2025 | $32.2 | $21.1 | -35% |
| 2026 YTD | $21.1 | $25.6 | +21% |
GME has the edge over MGM on returns for 2026, with the stronger performance.
MGM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $33.6 | $30.7 | -8.5% |
| 2021 | $30.7 | $45.7 | +49% |
| 2022 | $45.7 | $33.8 | -26% |
| 2023 | $33.8 | $44.7 | +32% |
| 2024 | $44.7 | $34.8 | -22% |
| 2025 | $34.8 | $37.7 | +8.4% |
| 2026 YTD | $37.7 | $33.2 | -12% |
MGM has finished lower in three of the last six years. It's down 12% so far in 2026.